The Real Deal Miami

Cirque du Soleil co-founder lands $65M loan for Miami properties

Loan is secured by Little Haiti warehouses and Morningside estate
By Katherine Kallergis | December 04, 2018 08:45AM

300 Northeast 60th Street and Guy Laliberte

UPDATED, Dec. 4, 9 a.m.: Cirque du Soleil co-founder Guy Laliberté closed on a $65 million loan for properties near the Magic City Innovation District and a waterfront home in Miami’s Morningside neighborhood.

Property records show Heiva Holdings USA LLC took out about $12.4 million of a larger revolving line of credit from the National Bank of Canada for three warehouses at 300 Northeast 60th Street and an estate at 5851 North Bayshore Drive. Robert Blaine, co-CEO of Groupe Lune Rouge and president of Laliberté’s family office, manages the LLC.

Laliberté’s company paid $6.9 million in cash for the three connected warehouses in Little Haiti about a year ago. The Canadian theater impresario is partnering with Magic City Innovation District developers Tony Cho, Bob Zangrillo and Plaza Equity Partners on the planned $1 billion mixed-use project.

Montreal-based Lune Rouge, which Laliberté co-founded as well, develops and invests in projects tied to technology, arts, entertainment and real estate.

In November 2017, Heiva Holdings paid $5.5 million for the six-bedroom, former home of Royal Caribbean CEO Michael Bayley, also secured by the mortgage.

A spokesperson for Laliberte said the warehouses are used for office space for Lune Rouge Entertainment.